How Is The Market Feeling About Starbucks?
Portfolio Pulse from Benzinga Insights
Starbucks's (NYSE:SBUX) short percent of float has risen 6.31% since its last report, with 13.30 million shares sold short, which is 1.18% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Starbucks's short interest as a percentage of float is less than its peer group average of 8.67%.
September 26, 2023 | 6:15 pm
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The increase in short interest in Starbucks's stock could indicate a bearish sentiment among investors. However, its short interest is less than its peer group average.
The rise in short interest indicates that more investors are betting that Starbucks's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that Starbucks's short interest is less than its peer group average could mitigate this effect to some extent.
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